Closing Bell Recap: Vornado Realty Trust (VNO) Ends at 41.64, Reflecting a -1.02 Downturn

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Vornado Realty Trust (NYSE: VNO) closed the day trading at $41.64 down -1.02% from the previous closing price of $42.07. In other words, the price has decreased by -$1.02 from its previous closing price. On the day, 1.26 million shares were traded. VNO stock price reached its highest trading level at $42.845 during the session, while it also had its lowest trading level at $41.61.

Ratios:

For a better understanding of VNO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.93. In the meantime, Its Debt-to-Equity ratio is 1.71 whereas as Long-Term Debt/Eq ratio is at 1.71.

On August 08, 2024, Piper Sandler Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $22 to $30.

BMO Capital Markets Upgraded its Market Perform to Outperform on August 08, 2024, whereas the target price for the stock was revised from $29 to $40.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 11 ’24 when WIGHT RUSSELL B JR sold 2,000 shares for $28.19 per share. The transaction valued at 56,387 led to the insider holds 3,034 shares of the business.

Fascitelli Michael D sold 337,055 shares of VNO for $9,956,982 on Dec 22 ’23. The Director now owns 969,491 shares after completing the transaction at $29.54 per share. On Dec 21 ’23, another insider, Fascitelli Michael D, who serves as the Director of the company, sold 262,945 shares for $29.54 each. As a result, the insider received 7,766,475 and left with 1,306,546 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VNO now has a Market Capitalization of 8647129088 and an Enterprise Value of 18319480832. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.88 while its Price-to-Book (P/B) ratio in mrq is 1.94. Its current Enterprise Value per Revenue stands at 9.79 whereas that against EBITDA is 22.97.

Stock Price History:

Over the past 52 weeks, VNO has reached a high of $46.63, while it has fallen to a 52-week low of $21.16. The 50-Day Moving Average of the stock is 3.40%, while the 200-Day Moving Average is calculated to be 36.59%.

Shares Statistics:

Over the past 3-months, VNO traded about 1.94M shares per day on average, while over the past 10 days, VNO traded about 1681120 shares per day. A total of 190.39M shares are outstanding, with a floating share count of 166.28M. Insiders hold about 12.78% of the company’s shares, while institutions hold 87.23% stake in the company. Shares short for VNO as of 1730332800 were 13285530 with a Short Ratio of 6.86, compared to 1727654400 on 14704034. Therefore, it implies a Short% of Shares Outstanding of 13285530 and a Short% of Float of 9.87.

Dividends & Splits

VNO’s forward annual dividend rate is 0.30, up from 0.3 a year ago. Against a Trailing Annual Dividend Yield of 0.0071309726The stock’s 5-year Average Dividend Yield is 5.66.

Earnings Estimates

The market rating of Vornado Realty Trust (VNO) is currently shaped by the ongoing analysis conducted by 1.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.08 and low estimates of -$0.08.

Analysts are recommending an EPS of between -$0.23 and -$0.23 for the fiscal current year, implying an average EPS of -$0.23. EPS for the following year is -$0.19, with 1.0 analysts recommending between -$0.19 and -$0.19.

Revenue Estimates

2 analysts predict $439.81M in revenue for the current quarter. It ranges from a high estimate of $443.17M to a low estimate of $436.44M. As of the current estimate, Vornado Realty Trust’s year-ago sales were $441.89MFor the next quarter, 2 analysts are estimating revenue of $462.3M. There is a high estimate of $469.93M for the next quarter, whereas the lowest estimate is $454.68M.

A total of 2 analysts have provided revenue estimates for VNO’s current fiscal year. The highest revenue estimate was $1.77B, while the lowest revenue estimate was $1.77B, resulting in an average revenue estimate of $1.77B. In the same quarter a year ago, actual revenue was $1.81BBased on 4 analysts’ estimates, the company’s revenue will be $1.84B in the next fiscal year. The high estimate is $1.93B and the low estimate is $1.73B.

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